Starting a Business: Step 8 - Business Registration

Having your business registered in different government agencies is a must. The guiding principles of registration depends on the kind of business and type of ownership. It is easy to register a business if owned by one person, while the process can be gruelling for a corporation.

Process Flow of Registering a Business

Step 1
     Seek approval/clearance from the Barangay.

Step 2
     Secure Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR) District Office where the business is to be located.

     If Sole Proprietorship: Register with the Department of Trade and Industry (DTI) for Business Name Certificate    
     If Partnership/Corporation: Register with the Securities and Exchange Commission (SEC)
     If Cooperative: Register with the Cooperative Development Authority (CDA)

Step 3
     Apply for business permit and license from the City/Municipality where the business is to be located

     Get specific clearances:
          for example:
               Travel Agency - Department of Tourism (DOT)
               Food and Cosmetics - Bureau of Food and Drugs (BFAD)
               Pawnshop - Bangko Sentral ng Pilipinas (BSP)
               Learning Centers - Department of Education (DepEd)

Step 4
     Register with the Bureau of Internal Revenue (BIR) District Office where the business is to be located for Authority to Print Invoice and Book of Journal.

Step 5
     Register your business with the following offices for compliance to good employer-employee relationships, incentives and benefits, and social, community, and environmental responsibilities:
     Social Securities System (SSS)
     Department of Labor and Employment (DOLE)
     Department of Environment and natural Resources (DENR)

Step 6
     Start the Business

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...